the chief executives of alphabet and microsoft will meet with american vice president kamala harris to discuss key artificial intelligence issues on thursday. president biden wants to ensure new ai products are fully safe and tested before they are made available to the public. there are growing concerns about the rapid speed of ai technology and how it may be misused. yesterday, over a billion dollars was wiped off the stock market value of the digital learning company pearson after us rival chegg admitted that the rise of artificial intelligence chatbot chatgpt is hurting its business. dr kate devlin is a researcher in artificial intelligence and society at king s college london. i asked her if regulation may stifle competition and innovation. it is difficult to say. interesting there is a move by the white house to have a closer look because until now the us has been quite hands off in terms of regulation, so i think this could be frightening a few people when you consider the impli
too, president biden and republicans in congress are in a collision course over raising the debt ceiling, the limit on how much the us can borrow. failure to do so would not only inflict economic pain here but also on the rest of the globe. michelle fleury, bbc news, westchester, new york. the chief executives of alphabet and microsoft will meet with american vice president kamala harris to discuss key artificial intelligence issues on thursday. president biden wants to ensure new ai products are fully safe and tested before they are made available to the public. there are growing concerns about the rapid speed of ai technology and how it may be misused. yesterday, over $1 billion was wiped off the stock market value of the digital learning company pearson after us rival chegg admitted that the rise of artificial intelligence chatbot chatgpt is hurting its business. joining me now is dr kate devlin, who s a researcher in
fear of a recession is months. dare i mention the r words? fear of a recession is very months. dare i mention the r words? fear of a recession is very much - fear of a recession is very much prominent. fear of a recession is very much prominent- prominent. president biden s republicans prominent. president biden s republicans in prominent. president biden s republicans in congress - prominent. president biden s republicans in congress are i prominent. president biden s i republicans in congress are on prominent. president biden s . republicans in congress are on a collision course over raising the debt ceiling, the limit on how much the us can burrow. failing to do so would not only inflict economic pain here but also on the rest of the globe. let s stay in the united states. the chief executives of alphabet and microsoft will meet with american vice president kamala harris to discuss key artificial intelligence issues on thursday. president biden wants to ensure new ai produc
after banking shares saw sharp falls on monday. the sell off continued in asia with japan s largest banks also seeing heavy losses. shares of mufg, miz uho and smfg were all down around 8% in trading. the nikkei exchange was down over 2% overall. here in europe, we ve seen credit suisse drop another 5% in early trading. on monday, major us banks lost around %90 billion in stock market value, bringing their loss since svb s collapse to nearly $190 billion. many are now speculating the federal reserve will pause its plans to keep raising interest rates, designed to tame inflation. we re nowjoined by greg swenson, who s an international investment banker, founding partner at brigg macadam. talk to me about the perception of rate rises being not only part of the cause of this but also now the federal reserve having a rethink
shares of mufg, mizuho and smfg were all down around 8% in trading. the nikkei exchange was down over 2% overall. here in europe, we ve seen credit suisse drop another 5% in early trading. on monday, major us banks lost around $90 billion in stock market value, bringing their loss since svb s collapse to nearly $190 billion. many are now speculating the federal reserve will pause its plans to keep raising interest rates, designed to tame inflation. we re nowjoined by greg swenson, who is an international investment banker and founding partner at brigg macadam. good to have you with us. let s pick up good to have you with us. let s pick up on that thought about rate because that progressive increase increase in interest rates has been one of the things cost for the collapse in svb. will the federal